0000874501-24-000028.txt : 20240223
0000874501-24-000028.hdr.sgml : 20240223
20240223171057
ACCESSION NUMBER: 0000874501-24-000028
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240221
FILED AS OF DATE: 20240223
DATE AS OF CHANGE: 20240223
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BARRANCO DAVID
CENTRAL INDEX KEY: 0001562313
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10777
FILM NUMBER: 24672529
MAIL ADDRESS:
STREET 1: C/O AMBAC FINANCIAL GROUP INC
STREET 2: ONE STATE STREET PLAZA
CITY: NEW YORK
STATE: NY
ZIP: 10004
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: AMBAC FINANCIAL GROUP INC
CENTRAL INDEX KEY: 0000874501
STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 133621676
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE WORLD TRADE CENTER
CITY: NEW YORK
STATE: NY
ZIP: 10007
BUSINESS PHONE: 2126587470
MAIL ADDRESS:
STREET 1: ONE WORLD TRADE CENTER
CITY: NEW YORK
STATE: NY
ZIP: 10007
FORMER COMPANY:
FORMER CONFORMED NAME: AMBAC INC /DE/
DATE OF NAME CHANGE: 19930328
4
1
wk-form4_1708726240.xml
FORM 4
X0508
4
2024-02-21
0
0000874501
AMBAC FINANCIAL GROUP INC
AMBC
0001562313
BARRANCO DAVID
AMBAC FINANCIAL GROUP, INC.
ONE WORLD TRADE CENTER, 41ST FLOOR
NEW YORK
NY
10007
0
1
0
0
Senior Managing Director
0
Common Stock
2024-02-21
4
A
0
2143
0
A
102475
D
Common Stock
2024-02-21
4
F
0
2143
16.25
D
100332
D
Deferred Share Units
2024-02-21
4
A
0
45803
0
A
Common Stock
45803
45803
D
The reporting person acquired 2,143 shares of common stock of Ambac Financial Group, Inc. (the "Company") upon the simultaneous vesting and settlement of a portion of the reporting person's 2021 Long Term Incentive Plan award, which had a three year performance period] and vested on February 21, 2024.
As part of the vesting and settlement of a portion of the 2021 LTIP award, 2,143 shares of common stock were withheld by the Company to satisfy certain tax withholding obligations.
Each DSU represents a contingent right to receive one share of the Company's common stock.
Represents the aggregate amount of performance stock units ("PSUs") that were converted into an equivalent number of deferred share units ("DSUs") pursuant to the Company's Executive Stock Deferral Plan, which was designed to enable participants to elect to defer the settlement and income taxation of PSU and restricted stock unit awards in accordance with Section 409A of the Internal Revenue Code of 1986, as amended.
William J. White, attoney-in-fact
2024-02-23